Barclays Rolls Out Its Revamp Plans

British Lender to Jettison 3,700 Jobs as It Tempers Previous CEO's Expansion; Scaling Back Abroad

By

Max Colchester and

Margot Patrick

Updated Feb. 12, 2013 12:56 p.m. ET

LONDON—Barclays PLC wants to move on from Robert Diamond.

In its latest effort to break with the legacy of its former chief executive, the British bank Tuesday presented a three-year strategy that will see the scandal-plagued lender cut 3,700 jobs and rein in some of Mr. Diamond's boldest expansion plans.